Telemus Blog

Is Gold a Good Investment Right Now?

Written by U.S. News & World Report | Dec 26, 2023 9:10:00 PM

 


Gold's recent performance is complex, influenced by multiple factors like lower interest rates, central bank buying, and geopolitical concerns. While it's doing well now, experts have mixed expectations for 2024. Some foresee further rises due to these factors, while others predict a range-bound or even downward trend. Matt Dmytryszyn, Chief Investment Officer, suggests the recent drop in Treasury yields might be temporary, causing this tailwind for gold to moderate. Ultimately, Dmytryszyn expects gold's price to remain within a certain range during the first half of 2024, unless geopolitical tensions escalate and drive demand for the safe-haven asset.